Contributor Does Hardwood Increase Home Value?

Does Hardwood Increase Home Value?

How Can Wood Floors Increase My Home's Value?

 

If you are considering installing hardwood floors and wondering if they will increase the resale value of your house, you can rest assured that they will help you sell your home in the future! As any realtor will tell you, hardwood floors are the preferred flooring option so most home buyers are more willing to pay more for a house with hardwood floors! Here are the top 4 reasons why our affordable wood floors increase the resale value of your home:

1. Wood Adds Elegance and Charm to Your Home

hardwood floors in a home

The affordable hardwood floors from ReallyCheapFloors.com add an element of elegance and charm to virtually any room in your house! Our hardwood floors are much more visually appealing than other flooring options and provide a warm ambiance within your home. We have many options available that range from traditional to contemporary, so you can choose a color that reflects your personal decorating style. All of our floors offer style and versatility, so any new homeowner can decorate or redecorate the room without having to make expensive renovations to the house.

2. Most Buyers Prefer Hardwood Floors

According to a survey completed by the National Wood Flooring Association, a majority of real estate agents have indicated that homes with wood floors are easier to sell, sell faster and sell for more money! In fact, studies have shown that most home buyers are willing to pay more for a house with wood flooring. This is especially the case among buyers under the age of 55 and those who are seeking homes in those geographic areas with cooler to mid-range climates.

3. Wood Means Long-Term Cost Savings

 

Although our affordable hardwood floors may initially cost more money than carpet, they are more cost-efficient over the long run! This is because carpet can get worn out much more quickly than wood floors and requires replacement every 7 to 10 years. When comparing the cost of wood floors to carpet, you will likely find that wood floors cost around twice as much as carpet. However, by the time you replace the carpet just once, you have already spent as much as you would on a hardwood floor! When it comes to the resale value of your home, wood floors add to the value while carpet does not improve the value at all.

4. Many Buyers Expect to See Hardwood Floors

flooring installation

 

Many home buyers in today’s market are expecting to see hardwood floors when they visit a home for sale, especially in the living and dining rooms. When a potential buyer sees carpet in your home, it could be the sole decision for passing on your house! This is because the buyer will see a lower value and higher costs associated with replacing the carpet. After all, new owners rarely have the same taste in carpet style or color, and they may also be concerned about germs and other issues from the prior owners. Therefore, they have to consider the significant cost of ripping out the carpet and replacing it with new carpet.

5. Appraisers Like Homes With Hardwood

 

A friend of mine that is an appraiser confirmed to me many years ago that wood flooring will make the appraised value go up on a house. He said that is a big deal because banks want the appraisal as high as it can reasonably go. In the real estate business, the appraisal determines how much money can be borrowed, which in turn has a direct effect on the selling price.

6. Hardwood Is One of The Best Green Options

Unlike vinyl planks which are a petroleum by-product, wood floors are natural and renewable. 

An Investment in Hardwood Is A Boost To Your Investment

 

If you are in the market for a great investment, one of the best types that you can make is the installation of wood floors in your home's spaces.

Now that you know how our wood flooring products can help increase the resale value of your home, check out all of our affordable hardwood floors from ReallyCheapFloors.com today! We look forward to assisting you with all of your hardwood flooring needs!